UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:	811-03910
Exact name of registrant as specified in charter:	Voyageur Tax Free Funds
Address of principal executive offices:	2005 Market Street
	Philadelphia, PA 19103
Name and address of agent for service:	David F. Connor, Esq.
	2005 Market Street
	Philadelphia, PA 19103
Registrant’s telephone number, including area code:	(800) 523-1918
Date of fiscal year end:	August 31
Date of reporting period:	May 31, 2015

Item 1. Schedule of Investments.

Schedule of investments
Delaware Tax-Free Minnesota Fund	May 31, 2015 (Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds – 99.63%
Corporate-Backed Revenue Bonds – 3.86%
	Cloquet Pollution Control Revenue
	(Potlatch Project) 5.90% 10/1/26	7,000,000	$	7,006,930
	Laurentian Energy Authority I Cogeneration Revenue
	Series A 5.00% 12/1/21	8,000,000		7,962,720
	St. Paul Port Authority Solid Waste Disposal Revenue
	(Gerdau St. Paul Steel Mill Project)
	Series 7 4.50% 10/1/37 (AMT)	6,530,000		6,558,014
				21,527,664
Education Revenue Bonds – 9.35%
	Brooklyn Park Charter School Lease
	(Prairie Seeds Academy Project)
	Series A 5.00% 3/1/34	2,260,000		2,278,939
	Series A 5.00% 3/1/39	385,000		381,797
	Cologne Charter School Lease Revenue
	(Cologne Academy Project)
	Series A 5.00% 7/1/34	250,000		262,710
	Series A 5.00% 7/1/45	1,390,000		1,436,370
	Duluth Housing & Redevelopment Authority Revenue
	(Public School Academy) Series A 5.875% 11/1/40	3,500,000		3,732,330
	Forest Lake Charter School Revenue Fund
	(Forest Lake International Language Academy)
	Series A 5.50% 8/1/36	580,000		635,170
	Series A 5.75% 8/1/44	1,190,000		1,305,120
	Hugo Charter School Lease Revenue
	(Noble Academy Project)
	Series A 5.00% 7/1/34	580,000		618,471
	Series A 5.00% 7/1/44	1,770,000		1,862,712
	Minneapolis Student Housing Revenue
	(Riverton Community Housing Project)
	5.25% 8/1/39	470,000		482,004
	5.50% 8/1/49	2,260,000		2,334,625
	Minnesota Colleges & Universities Revenue Fund
	Series A 5.00% 10/1/28	8,900,000		9,867,074
	Minnesota Higher Education Facilities Authority Revenue
	(Bethel University) Series 6-R 5.50% 5/1/37	2,500,000		2,571,900
	(Carleton College)
	Series 6-T 5.00% 1/1/28	1,000,000		1,086,670
	Series 7-D 5.00% 3/1/30	1,500,000		1,671,990
	(St. Catherine University)
	Series 7-Q 5.00% 10/1/21	1,300,000		1,468,441
	Series 7-Q 5.00% 10/1/23	350,000		395,483
	Series 7-Q 5.00% 10/1/24	475,000		532,404

NQ-301 [5/15] 7/15 (14742)     1

Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds (continued)
Education Revenue Bonds (continued)
	Minnesota Higher Education Facilities Authority Revenue
	Series 7-Q 5.00% 10/1/27	200,000	$	218,042
	(St. Scholastica College) Series 7-J 6.30% 12/1/40	1,800,000		2,001,258
	(University of St. Thomas)
	Series 6-X 5.25% 4/1/39	5,000,000		5,325,550
	Series 7-A 5.00% 10/1/39	2,000,000		2,211,600
	Series 7-U 5.00% 4/1/23	550,000		653,246
	Otsego Charter School Lease Revenue
	(Kaleidoscope Charter School)
	Series A 5.00% 9/1/34	765,000		791,301
	Series A 5.00% 9/1/44	1,500,000		1,526,580
	St. Paul Housing & Redevelopment Authority Charter
	School Lease Revenue
	(Academia Cesar Chavez School Project) Series A
	5.25% 7/1/50	2,000,000		1,916,540
	University of Minnesota
	Series A 5.25% 12/1/28	1,000,000		1,177,990
	Series A 5.25% 12/1/29	1,850,000		2,166,609
	Series D 5.00% 12/1/27	1,000,000		1,159,380
				52,072,306
Electric Revenue Bonds – 5.04%
	Chaska Electric Revenue
	(Generating Facilities) Series A 5.00% 10/1/30	3,000,000		3,041,160
	Hutchinson Utilities Commission Revenue
	Series A 4.00% 12/1/21	700,000		769,370
	Minnesota Municipal Power Agency Electric Revenue
	5.00% 10/1/29	395,000		456,474
	5.00% 10/1/30	500,000		574,315
	5.00% 10/1/33	1,205,000		1,372,591
	Series A 5.00% 10/1/30	1,060,000		1,217,548
	Series A 5.00% 10/1/34	750,000		851,077
	Series A 5.00% 10/1/35	415,000		470,216
	Unrefunded Balance 5.00% 10/1/35	1,290,000		1,307,699
	Northern Municipal Power Agency Electric System
	Revenue
	Series A 5.00% 1/1/25	125,000		145,631
	Series A 5.00% 1/1/26	425,000		490,085
	Series A 5.00% 1/1/31	520,000		582,608
	Rochester Electric Utility Revenue
	Series B 5.00% 12/1/27	295,000		346,132
	Series B 5.00% 12/1/28	275,000		319,941
	Series B 5.00% 12/1/31	1,365,000		1,569,709

2     NQ-301 [5/15] 7/15 (14742)

(Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds (continued)
Electric Revenue Bonds (continued)
	Rochester Electric Utility Revenue
	Series B 5.00% 12/1/33	300,000	$	342,813
	Southern Minnesota Municipal Power Agency Revenue
	Capital Appreciation Series A
	6.70% 1/1/25 (NATL-RE) ^	5,000,000		3,774,100
	Western Minnesota Municipal Power Agency Revenue
	Series A 5.00% 1/1/33	1,000,000		1,142,280
	Series A 5.00% 1/1/34	4,000,000		4,552,960
	Series A 5.00% 1/1/40	1,250,000		1,408,763
	Series A 5.00% 1/1/46	3,000,000		3,340,650
				28,076,122
Healthcare Revenue Bonds – 43.11%
	Aitkin Health Care Facilities Revenue
	(Riverwood Health Care Center) 5.60% 2/1/32	2,100,000		2,119,026
	Alexandria Senior Housing Revenue
	(Knute Nelson Senior Living)
	6.00% 7/1/35	1,500,000		1,569,300
	6.20% 7/1/45	2,000,000		2,104,840
	Anoka Health Care Facilities Revenue
	(Homestead Anoka Project)
	Series A 7.00% 11/1/40	1,000,000		1,077,800
	Series A 7.00% 11/1/46	1,220,000		1,312,415
	Anoka Healthcare & Housing Facilities Revenue
	(Homestead at Anoka Inc)
	5.125% 11/1/49	1,100,000		1,108,371
	5.375% 11/1/34	320,000		334,112
	Anoka Housing Facilities Revenue
	(Senior Homestead Anoka Project)
	Series B 6.875% 11/1/34	2,015,000		2,176,422
	Apple Valley Economic Development Authority
	Health Care Revenue
	(Augustana Home St. Paul Project)
	Series A 6.00% 1/1/40	2,700,000		2,716,740
	Breckenridge Catholic Health Initiatives
	Series A 5.00% 5/1/30	2,500,000		2,509,000
	Center City Health Care Facilities Revenue
	(Hazelden Betty Ford Foundation Project)
	5.00% 11/1/26	500,000		582,275
	5.00% 11/1/44	500,000		545,270
	Deephaven Housing & Healthcare Revenue
	(St. Therese Senior Living Project)
	Series A 5.00% 4/1/38	730,000		739,395

NQ-301 [5/15] 7/15 (14742)     3

Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds (continued)
Healthcare Revenue Bonds (continued)
	Deephaven Housing & Healthcare Revenue
	(St. Therese Senior Living Project)
	Series A 5.00% 4/1/40	705,000	$	713,157
	Series A 5.00% 4/1/48	315,000		316,487
	Duluth Economic Development Authority
	(St. Luke’s Hospital Authority Obligation Group)
	5.75% 6/15/32	1,850,000		2,047,599
	6.00% 6/15/39	3,570,000		3,969,768
	Fergus Falls Health Care Facilities Revenue
	(Lake Region Health Care)
	5.15% 8/1/35	1,250,000		1,276,163
	5.40% 8/1/40	1,000,000		1,027,320
	Glencoe Health Care Facilities Revenue
	(Glencoe Regional Health Services Project)
	4.00% 4/1/24	500,000		521,100
	4.00% 4/1/25	660,000		686,321
	4.00% 4/1/31	60,000		60,732
	Hayward Health Care Facilities Revenue
	(American Baptist Homes Midwest Obligated Group)
	5.375% 8/1/34	660,000		683,509
	5.75% 2/1/44	500,000		519,265
	(St. John’s Lutheran Home of Albert Lea)
	5.375% 10/1/44	1,570,000		1,579,907
	Maple Grove Health Care System Revenue
	(Maple Grove Hospital)
	5.25% 5/1/28	4,500,000		4,744,665
	5.25% 5/1/37	2,950,000		3,092,751
	Minneapolis Health Care System Revenue
	(Fairview Health Services)
	Series A 6.375% 11/15/23	180,000		208,102
	Series A 6.625% 11/15/28	3,000,000		3,483,630
	Series B 6.50% 11/15/38 (ASSURED GTY)	1,140,000		1,320,097
	Series D 5.00% 11/15/30 (AMBAC)	2,500,000		2,527,050
	Series D 5.00% 11/15/34 (AMBAC)	4,750,000		4,797,690
	(Jones-Harrison Residence Project) 5.60% 10/1/30	1,050,000		1,050,924
	Minneapolis National Marrow Donor Program Revenue
	4.875% 8/1/25	6,430,000		6,641,032
	Minneapolis Senior Housing & Healthcare Revenue
	(Ecumen Mill City Quarter)
	5.00% 11/1/35	500,000		501,600
	5.25% 11/1/45	1,950,000		1,961,837
	5.375% 11/1/50	455,000		457,016

4     NQ-301 [5/15] 7/15 (14742)

(Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds (continued)
Healthcare Revenue Bonds (continued)
	Minneapolis – St. Paul Housing & Redevelopment Authority
	Health Care Revenue
	(Children’s Hospital)
	Series A 5.00% 8/15/30	2,750,000	$	2,764,163
	Series A 5.25% 8/15/35	2,085,000		2,334,220
	Minnesota Agricultural & Economic Development Board
	Revenue
	(Benedictine Health Systems) 5.75% 2/1/29	1,895,000		1,896,990
	(Essentia Remarketing)
	Series C-1 5.00% 2/15/30 (ASSURED GTY)	5,725,000		6,308,950
	Series C-1 5.25% 2/15/23 (ASSURED GTY)	5,000,000		5,724,900
	Series C-1 5.50% 2/15/25 (ASSURED GTY)	5,120,000		5,842,176
	(Health Care System) Unrefunded Balance
	Series A 5.75% 11/15/26 (NATL-RE)	180,000		180,394
	Series A 6.375% 11/15/29	15,000		15,067
	Northfield Hospital & Skilled Nursing Revenue
	5.375% 11/1/26	3,785,000		3,970,806
	Red Wing Senior Housing
	(Deer Crest Project)
	Series A 5.00% 11/1/27	430,000		457,692
	Series A 5.00% 11/1/32	330,000		347,111
	Series A 5.00% 11/1/42	1,250,000		1,302,413
	Rochester Health Care & Housing Revenue
	(Samaritan Bethany) Series A 7.375% 12/1/41	5,220,000		5,851,829
	(The Homestead at Rochester Project) Series A
	6.875% 12/1/48	2,980,000		3,361,112
	Rochester Health Care Facilities Revenue
	(Mayo Clinic)
	4.00% 11/15/41	4,515,000		4,628,056
	Series D Remarketing 5.00% 11/15/38	6,405,000		7,201,782
	(Olmsted Medical Center Project)
	5.00% 7/1/24	295,000		345,289
	5.00% 7/1/33	650,000		717,912
	5.875% 7/1/30	1,850,000		2,142,744
	Sartell Health Care Facilities Revenue
	(Country Manor Campus Project)
	Series A 5.25% 9/1/27	1,280,000		1,361,574
	Series A 5.30% 9/1/37	1,200,000		1,255,224
	Series A 6.375% 9/1/42	2,435,000		2,494,828
	Sauk Rapids Health Care Housing Facilities Revenue
	(Good Shepherd Lutheran Home) 5.125% 1/1/39	1,350,000		1,357,519

NQ-301 [5/15] 7/15 (14742)     5

Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds (continued)
Healthcare Revenue Bonds (continued)
	Shakopee Health Care Facilities Revenue
	(St. Francis Regional Medical Center)
	4.00% 9/1/31	915,000	$	934,508
	5.00% 9/1/24	575,000		682,209
	5.00% 9/1/25	750,000		881,557
	5.00% 9/1/26	575,000		668,742
	5.00% 9/1/27	405,000		467,009
	5.00% 9/1/28	425,000		483,591
	5.00% 9/1/29	425,000		482,018
	5.00% 9/1/34	730,000		807,081
	Sherburne County Health Care Facilities Revenue
	(Guardian Angels Health Services) 5.55% 10/1/36	1,500,000		1,501,245
	St. Cloud Health Care Revenue
	(Centracare Health System Project)
	5.375% 5/1/31 (ASSURED GTY)	1,000,000		1,096,950
	5.50% 5/1/39 (ASSURED GTY)	6,000,000		6,564,960
	Series A 5.125% 5/1/30	9,350,000		10,315,761
	St. Louis Park Health Care Facilities Revenue
	(Park Nicollet Health Services)
	5.75% 7/1/39	17,550,000		19,921,531
	Series C 5.50% 7/1/23	3,000,000		3,341,130
	Series C 5.625% 7/1/26	1,925,000		2,129,935
	Series C 5.75% 7/1/30	5,035,000		5,599,323
	St. Paul Housing & Redevelopment Authority Health Care
	Facilities Revenue
	(Allina Health System)
	Series A 5.00% 11/15/18 (NATL-RE)	5,720,000		6,292,343
	Series A-1 5.25% 11/15/29	5,605,000		6,335,892
	(Health Partners Obligation Group Project)
	5.00% 7/1/33	1,260,000		1,395,160
	5.25% 5/15/36	7,900,000		8,182,030
	Series A 4.00% 7/1/35	500,000		494,200
	St. Paul Housing & Redevelopment Authority Hospital
	Revenue
	(Health East Project)
	6.00% 11/15/30	4,000,000		4,082,760
	6.00% 11/15/35	10,340,000		10,552,900
	St. Paul Housing & Redevelopment Authority Housing &
	Health Care Facilities Revenue
	(Senior Carondelet Village Project)
	Series A 6.00% 8/1/42	3,075,000		3,213,929
	(Senior Episcopal Homes Project) 5.125% 5/1/48	3,100,000		3,192,752

6     NQ-301 [5/15] 7/15 (14742)

(Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds (continued)
Healthcare Revenue Bonds (continued)
	St. Paul Housing & Redevelopment Authority Multifamily
	Housing Revenue
	(Marian Center Project)
	Series A 5.30% 11/1/30	500,000	$	501,720
	Series A 5.375% 5/1/43	500,000		501,280
	Stillwater Health Care Revenue
	(Health System Obligation Group) 5.00% 6/1/35	1,000,000		1,000,260
	Washington County Housing & Redevelopment Authority
	Healthcare & Housing Revenue
	(Birchwood & Woodbury Projects)
	Series A 5.625% 6/1/37	1,500,000		1,537,725
	Wayzata Senior Housing Revenue
	(Folkestone Senior Living Community)
	Series A 5.50% 11/1/32	1,050,000		1,132,961
	Series A 5.75% 11/1/39	2,365,000		2,559,214
	Series A 6.00% 5/1/47	3,685,000		4,013,997
	Winona Health Care Facilities Revenue
	(Winona Health Obligation)
	4.50% 7/1/25	850,000		895,755
	4.65% 7/1/26	540,000		569,684
	Woodbury Housing & Redevelopment Authority Revenue
	(St. Therese of Woodbury)
	5.00% 12/1/34	500,000		512,935
	5.125% 12/1/44	1,605,000		1,644,130
	5.25% 12/1/49	750,000		771,780
				240,206,396
Housing Revenue Bonds – 4.83%
	Minneapolis Multifamily Housing Revenue
	(Seward Towers Project) 5.00% 5/20/36 (GNMA)	7,625,000		7,650,163
	Minnesota Housing Finance Agency
	(Residential Housing)
	Series D 4.80% 7/1/38 (AMT) ●	1,880,000		1,890,923
	Series I 4.85% 7/1/38 (AMT)	1,450,000		1,458,511
	Series I 5.15% 7/1/38 (AMT)	4,070,000		4,091,042
	Series L 5.10% 7/1/38 (AMT)	7,280,000		7,491,266
	Series M 4.875% 7/1/37 (AMT)	2,145,000		2,154,803
	Minnesota Housing Finance Agency Homeownership
	Finance (Non-Agency Mortgage-Backed Securities
	Program)
	Series D 4.70% 1/1/31 (GNMA) (FNMA) (FHLMC)	2,050,000		2,187,268
				26,923,976

NQ-301 [5/15] 7/15 (14742)     7

Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds (continued)
Lease Revenue Bonds – 2.34%
	Minnesota General Fund Revenue Appropriations
	Series A 5.00% 6/1/38	1,250,000	$	1,408,737
	Series A 5.00% 6/1/43	3,835,000		4,264,712
	Series B 5.00% 3/1/28	2,500,000		2,881,725
	University of Minnesota Special Purpose Revenue
	(State Supported Biomed Science Research)
	5.00% 8/1/35	3,960,000		4,480,502
				13,035,676
Local General Obligation Bonds – 6.21%
	Anoka County Capital Improvement
	Series A 5.00% 2/1/22	500,000		562,510
	Brainerd Independent School District No. 181
	(School Building) Series A 4.00% 2/1/23	5,990,000		6,501,007
	Farmington Independent School District No 192
	Series A 5.00% 2/1/25	3,775,000		4,520,638
	Metropolitan Council Waste Water Treatment
	Series C 5.00% 3/1/28	5,000,000		5,175,350
	New Brighton Tax Increment
	Series A 5.00% 2/1/27 (NATL-RE)	1,000,000		1,065,200
	Rochester Waste Water
	Series A 5.00% 2/1/22	750,000		898,657
	Sartell - St. Stephen Independent School District No. 748
	Capital Appreciation
	Series B 6.10% 2/1/16 (NATL-RE) ^	1,750,000		1,743,297
	South Washington County Independent School
	District No. 833
	(School Building)
	Series A 4.75% 2/1/25	2,500,000		2,720,975
	Series A 4.75% 2/1/26	3,600,000		3,910,284
	Series A 4.75% 2/1/27	2,300,000		2,487,519
	St. Paul Independent School District No. 625
	(School Building) Series B 5.00% 2/1/23	1,660,000		2,011,073
	Staples United Hospital District Health Care Facilities
	(Todd Morrison ETC Hospital-Lakewood)
	5.00% 12/1/21	2,000,000		2,007,440
	5.125% 12/1/24	1,000,000		1,003,550
				34,607,500
Pre-Refunded / Escrowed to Maturity Bonds – 10.06%
	Dakota-Washington Counties Housing & Redevelopment
	Authority Single Family Residential Mortgage Revenue
	8.15% 9/1/16 (NATL-RE) (IBC) (GNMA) (AMT)	405,000		442,592
	(Anoka County) 8.45% 9/1/19 (GNMA) (AMT)	9,000,000		11,302,380

8     NQ-301 [5/15] 7/15 (14742)

(Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds (continued)
Pre-Refunded / Escrowed to Maturity Bonds (continued)
	Dakota-Washington Counties Housing & Redevelopment
	Authority Single Family Residential Mortgage Revenue
	(Bloomington Single Family Residential Mortgage)
	Series B 8.375% 9/1/21 (GNMA) (AMT)	14,115,000	$	19,137,117
	Minnesota
	Series A 5.00% 10/1/24-21 §	70,000		83,801
	Series A 5.00% 10/1/27-21 §	80,000		95,773
	(Various Purposes) Series A 4.00% 8/1/27-22 §	45,000		50,950
	Minnesota Colleges & Universities Revenue Fund
	Series A 5.00% 10/1/29-15 (NATL-RE) §	4,665,000		4,739,453
	Minnesota Municipal Power Agency Revenue
	5.00% 10/1/35-15 §	1,710,000		1,737,514
	Southern Minnesota Municipal Power Agency Revenue
	Series A 5.75% 1/1/18-17 §	2,170,000		2,246,883
	Series A 5.75% 1/1/18-17 (AMBAC) (TCRS) §	365,000		377,932
	Series A 5.75% 1/1/18-17 (NATL-RE) (IBC) §	575,000		595,372
	University of Minnesota
	Series A 5.50% 7/1/21	12,500,000		14,805,625
	Western Minnesota Municipal Power Agency Revenue
	Series A 9.75% 1/1/16 (NATL-RE)	445,000		468,358
				56,083,750
Special Tax Revenue Bonds – 3.33%
	Hennepin County Sales Tax Revenue
	(Second Lien-Ballpark Project)
	Series B 5.00% 12/15/19	2,100,000		2,314,452
	Series B 5.00% 12/15/20	1,000,000		1,101,470
	Series B 5.00% 12/15/24	1,150,000		1,265,046
	Minneapolis Development Revenue
	(Limited Tax Supported Common Bond Fund)
	Series 2-A 6.00% 12/1/40	3,000,000		3,550,470
	Minnesota 911 Revenue
	(Public Safety Radio Communication System Project)
	5.00% 6/1/24	2,925,000		3,312,826
	5.00% 6/1/25	2,000,000		2,262,080
	St. Paul Sales Tax Revenue
	Series G 5.00% 11/1/30	655,000		747,945
	Series G 5.00% 11/1/31	1,500,000		1,707,630
	Virgin Islands Public Finance Authority
	(Matching Fund Senior Lien) 5.00% 10/1/29 (AGM)	2,000,000		2,286,000
				18,547,919

NQ-301 [5/15] 7/15 (14742)     9

Schedule of investments
Delaware Tax-Free Minnesota Fund (Unaudited)

		Principal amount°	Value (U.S. $)
Municipal Bonds (continued)
State General Obligation Bonds – 5.53%
	Minnesota
	Series A Unrefunded 5.00% 10/1/24	4,555,000	$	5,395,898
	Series A Unrefunded 5.00% 10/1/27	5,200,000		6,096,584
	(State Trunk Highway) Series B 5.00% 10/1/29	5,000,000		5,803,100
	(Various Purposes)
	Series A 5.00% 8/1/30	4,200,000		4,991,322
	Series A 5.00% 8/1/32	2,755,000		3,239,742
	Series A Unrefunded 4.00% 8/1/27	955,000		1,039,279
	Series F 5.00% 10/1/22	3,500,000		4,245,220
				30,811,145
Transportation Revenue Bonds – 3.58%
	Minneapolis-St. Paul Metropolitan Airports Commission
	Revenue
	Senior Series A 5.00% 1/1/28	1,250,000		1,421,850
	Subordinate
	Series A 5.00% 1/1/35	1,000,000		1,121,450
	Series B 5.00% 1/1/26	575,000		656,937
	Series B 5.00% 1/1/27	1,160,000		1,317,029
	Series B 5.00% 1/1/28	2,750,000		3,094,025
	Series B 5.00% 1/1/29	120,000		134,401
	Series B 5.00% 1/1/30	1,675,000		1,869,652
	Series B 5.00% 1/1/31	1,750,000		1,948,940
	St. Paul Housing & Redevelopment Authority Parking
	Revenue
	(Parking Facilities Project)
	Series A 5.00% 8/1/30	1,870,000		2,081,852
	Series A 5.00% 8/1/35	1,145,000		1,176,006
	(Smith Avenue Project) Series B 5.00% 8/1/35	1,500,000		1,669,935
	St. Paul Port Authority Revenue
	(Amherst H Wilder Foundation) Series 3 5.00% 12/1/36	3,200,000		3,473,504
				19,965,581
Water & Sewer Revenue Bonds – 2.39%
	Metropolitan Council Waste Water Treatment Revenue
	Series B 4.00% 9/1/27	2,400,000		2,623,008
	Series B 5.00% 9/1/22	2,125,000		2,579,070
	Series B 5.00% 9/1/25	2,000,000		2,391,340
	Series E 5.00% 9/1/22	2,745,000		3,331,552
	Series E 5.00% 9/1/23	2,000,000		2,407,260
				13,332,230
Total Municipal Bonds (cost $519,614,755)				555,190,265

10     NQ-301 [5/15] 7/15 (14742)

(Unaudited)

Total Value of Securities – 99.63%
(cost $519,614,755)	$	555,190,265
Receivables and Other Assets Net of Liabilities – 0.37%		2,045,668
Net Assets – 100.00%	$	557,235,933

°	Principal amount shown is stated in U.S. dollars unless noted that the security is denominated in another currency.
●	Variable rate security. The rate shown is the rate as of May 31, 2015. Interest rates reset periodically.
^	Zero coupon security. The rate shown is the yield at the time of purchase.
§	Pre-refunded bonds. Municipal bonds that are generally backed or secured by U.S. Treasury bonds. For pre-refunded bonds, the stated maturity is followed by the year in which the bond is pre-refunded.

Summary of abbreviations:
AGM – Insured by Assured Guaranty Municipal Corporation
AMBAC – Insured by AMBAC Assurance Corporation
AMT – Subject to Alternative Minimum Tax
ASSURED GTY – Insured by Assured Guaranty Corporation
FHA – Federal Housing Administration
FHLMC – Federal Home Loan Mortgage Corporation collateral
FNMA – Federal National Mortgage Association collateral
GNMA – Government National Mortgage Association collateral
IBC – Insured Bond Certificate
NATL-RE – Insured by National Public Finance Guarantee Corporation
TCRS – Temporary Custodial Receipts

NQ-301 [5/15] 7/15 (14742)     11

Notes
Delaware Tax-Free Minnesota Fund	May 31, 2015 (Unaudited)

1. Significant Accounting Policies

The following accounting policies are in accordance with U.S. generally accepted accounting principles (U.S. GAAP) and are consistently followed by Voyageur Tax-Free Funds – Delaware Tax-Free Minnesota Fund (Fund). This report covers the period of time since the Fund’s last fiscal year end.

Security Valuation — Debt securities are valued based upon valuations provided by an independent pricing service or broker and reviewed by management. To the extent current market prices are not available, the pricing service may take into account developments related to the specific security, as well as transactions in comparable securities. Valuations for fixed income securities utilize matrix systems, which reflect such factors as security prices, yields, maturities, and ratings, and are supplemented by dealer and exchange quotations. Open-end investment companies are valued at their published net asset value. Generally, other securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith under the direction of the Fund’s Board of Trustees. In determining whether market quotations are readily available or fair valuation will be used, various factors will be taken into consideration, such as market closures or suspension of trading in a security.

2. Investments

U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. A three-level hierarchy for fair value measurements has been established based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available under the circumstances. The Fund’s investment in its entirety is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-level hierarchy of inputs is summarized below.

Level 1 –	Inputs are quoted prices in active markets for identical investments. (Examples: equity securities, open-end investment companies, futures contracts, exchange-traded options contracts)
Level 2 –	Other observable inputs, including, but not limited to: quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates), or other market-corroborated inputs. (Examples: debt securities, government securities, swap contracts, foreign currency exchange contracts, foreign securities utilizing international fair value pricing, broker-quoted securities, fair valued securities)
Level 3 –	Significant unobservable inputs, including the Fund’s own assumptions used to determine the fair value of investments. (Examples: broker-quoted securities, fair valued securities)

12     NQ-301 [5/15] 7/15 (14742)

(Unaudited)

Level 3 investments are valued using significant unobservable inputs. The Fund may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may also be based upon current market prices of securities that are comparable in coupon, rating, maturity, and industry. The derived value of a Level 3 investment may not represent the value which is received upon disposition and this could impact the results of operations.

The following table summarizes the valuation of the Fund’s investments by fair value hierarchy levels as of May 31, 2015:

	Level 2
Municipal Bonds	$	555,190,265

During the period ended May 31, 2015, there were no transfers between Level 1 investments, Level 2 investments, or Level 3 investments that had a significant impact to the Fund. The Fund’s policy is to recognize transfers between levels at the beginning of the reporting period.

A reconciliation of Level 3 investments is presented when the Fund has a significant amount of Level 3 investments at the beginning, interim, or end of the period in relation to net assets. At May 31, 2015, there were no Level 3 investments.

3. Subsequent Events

Management has determined that no material events or transactions occurred subsequent to May 31, 2015 that would require recognition or disclosure on the Fund’s “Schedule of investments.”

NQ-301 [5/15] 7/15 (14742)     13

Item 2. Controls and Procedures.

The registrant’s principal executive officer and principal financial officer have evaluated the registrant’s disclosure controls and procedures within 90 days of the filing of this report and have concluded that they are effective in providing reasonable assurance that the information required to be disclosed by the registrant in its reports or statements filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.

There were no significant changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below: